9600 Blue Stem Ln, Little Elm, TX 75068
4 beds · 3 baths · 2,376 sqft
Treat yourself to the stylish comforts and top quality craftsmanship of this gorgeous single story Perry Home that was decorated with exceptional taste. This 4 bedroom, 3 full bath, AND an office home in the PRESTIGIOUS Prairie Oaks subdivision is perfect for all your needs. Tile hardwood floors add character throughout, setting the perfect tone for this home. The chef’s kitchen is a standout, featuring double gas ovens and gas stovetop, quartz countertops, stainless steel appliances, walk in pantry, and enhanced by quality-built custom wood cabinetry that combines beauty with practicality. The kitchen flows effortlessly into the extended living area, eat-in kitchen, and leading out to a backyard patio that offers privacy and a serene outdoor setting. The home is truly a must-see for those seeking the perfect blend of style, space, and location. Beautiful light fixtures in every part of the home, french doors to office, spacious master suite and bathroom, and tons of natural lighting. Home has split bedrooms while the 4th bedroom has an ensuite walk in shower bathroom on opposite side of home. Oversized laundry room with storage and room for an extra refrigerator or freezer. Mud room is perfectly located right by garage and laundry room and home features a tankless water heater. Just minutes from Lake Lewisville, shopping, tons of restaurants, and walking distance to the Community Center and pool. Do not miss this opportunity to own this very well laid out floor plan just in time for the summer. WELCOME HOME!!
Source: NTREIS #20878525
Financials
Source: NTREIS #20878525
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.